Aviance Capital Partners LLC Has $682,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Aviance Capital Partners LLC decreased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock after selling 73 shares during the quarter. Aviance Capital Partners LLC’s holdings in Super Micro Computer were worth $682,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its position in Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after buying an additional 28 shares in the last quarter. Blue Trust Inc. raised its holdings in Super Micro Computer by 29.5% during the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after acquiring an additional 41 shares in the last quarter. Signaturefd LLC boosted its position in Super Micro Computer by 8.0% during the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock valued at $167,000 after purchasing an additional 45 shares during the last quarter. Quintet Private Bank Europe S.A. grew its stake in Super Micro Computer by 1.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock valued at $945,000 after purchasing an additional 60 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Super Micro Computer by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 2,205 shares of the company’s stock worth $627,000 after purchasing an additional 60 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMCI. Argus began coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. StockNews.com upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $11.06 on Tuesday, reaching $819.29. The stock had a trading volume of 4,072,302 shares, compared to its average volume of 9,531,734. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a market cap of $45.82 billion, a P/E ratio of 45.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The firm has a fifty day moving average of $945.42 and a two-hundred day moving average of $590.67. Super Micro Computer, Inc. has a 1-year low of $131.06 and a 1-year high of $1,229.00.

Insider Activity

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is owned by company insiders.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.